According to IMARC Group’s latest report, titled “๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐๐๐ซ๐ค๐๐ญ: ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐๐๐๐-๐๐๐๐”, the digital banking platform market reached US$ 5.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.76 Billion by 2027, exhibiting a CAGR of 12.71% during 2022-2027.
A digital banking platform (DBP) provides digital financial services to customers using web-based services, process automation, and application programming interfaces (APIs). It allows users to handle and control financial operations using laptops, desktops, and mobile phones. It is convenient, easy, and quick to use and involves digitizing all traditional banking services, such as bill payments, loan management, cash withdrawals, opening deposit accounts, and funds transfers. In addition, it provides bank statements and real-time transaction notifications, schedules expenditures, and encourages cardless payments. As a result, DBPs are widely utilized for online and mobile banking operations across the globe.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/digital-banking-platform-market/requestsample
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
The market is primarily driven by the rising internet penetration of the internet and smartphones resulting in improved flexibility and transparency in banking operations. In addition, the widespread adoption of cloud-based solutions by financial institutions to acquire high scalability is contributing to market growth. Moreover, the integration of artificial intelligence (AI), and machine learning (ML) to prevent payment fraud, assess risks, perform know-your-customer (KYC) regulatory checks, and enhance processes for anti-money laundering (AML), represents another major growth-inducing factor.
Besides this, the increasing use of third-party applications for real-time payments, such as Google Pay, Whatsapp pay, PhonePe, and Paytm has accelerated the demand for reliable unified payments interface (UPI) transactions. Furthermore, the implementation of several government initiatives to encourage a cashless economy and extensive research and development (R&D) activities conducted by key players are also creating a favorable market outlook across the globe.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐:
https://www.imarcgroup.com/checkout?id=5816&method=1
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐-๐๐๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The competitive landscape of the digital banking platform market has been studied in the report with the detailed profiles of the key players operating in the market.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ๐๐ฒ ๐ธ๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:
Appway AG (FNZ (UK) Ltd.)
Fidelity Information Services (FIS)
Finastra Limited
Fiserv Inc
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the digital banking platform market on the basis of Component, Type, Deployment Mode and Banking Mode.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
Solutions
Services
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฒ๐ฉ๐:
Retail Banking
Corporate Banking
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐๐จ๐๐:
On-premises
Cloud-based
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐จ๐๐:
Online Banking
Mobile Banking
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/digital-banking-platform-market
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ-
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๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
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๐๐ฏ๐ผ๐๐ ๐จ๐:
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This release was published on openPR.
